In a stunning pre-market surge, shares of Nvidia leapt upward by over 14% on Thursday, following the chip titan’s disclosure of its robust earnings, considerably outstripping Wall Street’s predictions.
Marking an exceptional year-on-year increase, Nvidia declared a $22.10 billion revenue for the final quarter of its fiscal year—a 265% hike. The net income, meanwhile, soared by a staggering 769%. This remarkable growth is largely fueled by the burgeoning excitement surrounding artificial intelligence technologies.
Nvidia’s semiconductors are at the forefront, powering the training of expansive AI models, similar to those being honed by tech behemoths such as Microsoft and Meta. Riding this wave of high demand, Nvidia anticipates no deceleration in its upward trajectory. Projections for the current quarter’s revenue are set at an ambitious $24 billion, surmounting analysts’ forecasts significantly.
Jensen Huang, Nvidia’s Chief Executive Officer, conveyed a potent message of optimism during Wednesday’s analyst briefing. “Fundamentally, the conditions are excellent for continued growth,” he stated, securing a bullish outlook for the company’s prospects in 2025 and the years to follow.
The Data Center division of Nvidia, the segment that houses the company’s H100 graphics cards—integral for AI training—registered staggering fourth-quarter sales amounting to $18.4 billion, which translates to a year-on-year growth of 409%. These figures underscore the company’s commanding presence and promising future within the swiftly evolving AI sector.
